DSEX sheds 384 points in eight trading days as market keeps bleeding

Stocks witnessed another sharp fall on Thursday as jittery investors continued to sell off their holdings amid growing concerns over the economic uncertainties.

The investors have been suffering a crisis of confidence for long and the recent free-fall of the index mounted the crisis among them, said a leading broker.

The market saw a free-fall from the beginning of the session on Thursday as the DSEX, the prime index of Dhaka Stock Exchange, slid more than 58 points or 1.09 per cent to settle at 5,312 -- lowest in more than 37-month since April 15, 2021.

The DSEX lost more than 384 points in the past eight trading days.

The blue chip index DS30, a group of 30 prominent companies, also lost more than 22 points to 1,907 while the DSES Index, which represents Shariah-based companies, shed 15 points to 1,159.

Turnover, the crucial indicator of the market, stood at Tk 5.08 billion, which was 14 per cent lower than the previous day’s tally of Tk 5.92 billion.

All the sectors faced selling pressure, leading to the share price erosion of more than 82 per cent stocks. Out of 389 issues traded, 319 declined, 42 advanced and 28 unchanged.

The Chittagong Stock Exchange (CSE) also extended the losing streak with the CSE All Share Price Index – CASPI – shedding 155 points to settle at 15,403 and the Selective Categories Index – CSCX – losing 96 points to 9,264.

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